Piedmont Healthcare Foundation Inc

“Compensation for executives of piedmont healthcare foundation is set by the board of directors of piedmont healthcare, inc. The piedmont healthcare, inc., board of director's executive performance and compensation committee ("the committee") is composed of at least three members of the phc board of directors, serving terms of three years, and the majority of which are community directors who generally do not have conflicts of interest related to fulfillment of the duties as outlined below. The committee oversees executive performance and compensation on behalf of the phc board, subject to the ultimate authority and oversight of the board. The committee also formulates policies and makes decisions in order to ensure a high level of executive performance. The committee is authorized to act on behalf of the phc board as set out in its charter, and the committee is also charged with providing recommendations and periodic reports to the phc board regarding executive performance and compensation. All decisions and comparability data are documented in the committee meeting minutes. Functions of the committee - assess and implement policies regarding performance, compensation and benefits of the president/ceo and other executives as determined by the committee - select an executive compensation consultant who reports to the committee - annually review the president/ceo succession plan - formulate and implement annual performance objectives for the president/ceo, and review and approve annually recommendations from the president/ceo relating to compensation, performance objectives, and succession plans for evp executives - annually assess president/ceo performance; if necessary, implement action plan with president/ceo input to improve his/her performance; adjust compensation as appropriate; the committee chair shall consult with the phc governance committee chair and the phc board chair and shall coordinate the annual performance review of the phc president/ceo, unless the phc board chair has a real or perceived conflict of interest, in which case the committee chair shall determine the proper review proces - review and approve long-term and short-term goals to be used in connection with evp compensation programs as recommended by the president/ceo and validated by the compensation consultant - periodically review compensation, if any, for the phc board chair and all board chairs of the phc subsidiaries - establish other policies and procedures, and perform other tasks, related to executive performance and compensation, including but not limited to, approval of executive employment contracts and benefits - periodically report significant decisions and any additional requested information to the phc board.”

“Piedmont healthcare, inc., (ein 58-1503902) is the sole member of piedmont healthcare foundation, inc. ("phf").”

“The board of piedmont healthcare, piedmont healthcare foundation's sole member, appoints the members of the board of directors of piedmont healthcare foundation.”

“Piedmont healthcare foundation's board policies and decisions must be filed, immediately after adoption, with the secretary of the piedmont healthcare board of directors. Such policies and decisions of the piedmont healthcare foundation board of directors are not subject to the approval of or ratification by the piedmont healthcare board, but should the need arise, they may be rescinded by the piedmont healthcare board through a majority vote of its directors.”

“Information needed to prepare piedmont healthcare foundation's form 990 is compiled by individuals in the organization's finance department. The information is reviewed by phf's controller and vp/cfo. The 990 is then prepared internally by piedmont healthcare, inc.'s tax department and submitted to an external tax preparer for review. Prior to filing, copies of form 990 are provided to the board of directors of piedmont healthcare, inc., the organization's sole member, for board review.”

“Compliance with the organization's conflict of interest policy is monitored and enforced by organization management in coordination with piedmont healthcare's chief compliance officer. All senior leaders, board members, physician employees, nurse practitioners/physician assistants and employees and non-employees engaged in research are required to annually disclose all matters which could potentially constitute a conflict of interest. Matters disclosed under the policy must be reviewed in writing by the piedmont healthcare conflict of interest committee in order to determine whether a conflict exists and, if so, whether to eliminate or manage the conflict. All board members and employees of piedmont healthcare foundation are provided training on conflict of interest issues, including reporting requirements, at new employee orientation and at least annually thereafter. Noncompliance with the conflict of interest policy must be reported to piedmont healthcare's chief compliance officer for investigation, and remedial steps must be taken as appropriate under the piedmont healthcare disciplinary policies.”

“Governing documents, conflict of interest policy, and financial statements are available upon request. These documents should be requested from piedmont healthcare, inc.'s legal counsel.”

“During fiscal year 2024 the piedmont healthcare foundation, inc. Played an integral role in generating the following grants and contributions for itself, its parent company, and the organizations it supports: piedmont hospital, inc. $8,671,333 fayette community hospital dba piedmont fayette hospital $81,201 piedmont mountainside hospital, inc. $66,158 piedmont newnan hospital, inc. $74,511 piedmont henry hospital, inc. $73,742 piedmont heart institute, inc. $1,269,256 piedmont newton hospital, inc. $25,916 piedmont walton hospital, inc. $500 piedmont rockdale hospital, inc. $1,253 piedmont athens regional medical center $92,694 piedmont healthcare, inc. $1,236,722 piedmont healthcare foundation, inc. $13,210 piedmont cartersville hospital $183 piedmont columbus regional system $1,095 piedmont eastside medical $355 piedmont macon medical $309 piedmont macon north $0 university health services, inc. $704 university mcduffie county regional medical center, inc. $8 total $11,609,150”

“Piedmont healthcare foundation, inc., does not directly compensate its employees or executives. Rather, employees of the organization are compensated by phf's parent, piedmont healthcare, inc. The actual salary expense attributed to the foundation's employees is then allocated to phf by piedmont healthcare and is reflected herein as a functional expense of the organization.”

“Contributions to other entities - -12999601; change in temp. - -172503; intercompany transfers - 2821622;”